Long term charts leave little doubt about the importance of the current levels:
JI
jimkane
Rep: 3,058
Posts: 33,089
If they crush this, which I don't see, I'm watching 75 and 79 next. But this 88 area here is super-critical.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, getting close to that .786 game playing area. It's really a bigger layout than they usually play that .786 game with that I frequently point out, but I'm watching anyway.
JI
jimkane
Rep: 3,058
Posts: 33,089
Look at the GLOBEX set and the retracement that falls at the lower line! If they can sell under this, that 79 or 75 becomes realistic. This is going to be very informative, what they choose to do here. I would suspect straight up.

